DMRC to raise Rs.1586.00crore under its Economic Model

By Accommodation Times Bureau

Today the minister of state for urban development informed that the Delhi Mass Rapid Transit System (MRTS) Phase-III project of Delhi Metro Rail Corporation Ltd (DMRC) has been mandated to raise Rs.1586.00 crore from property development out of the total approved cost of Rs. 35,242 crore. DMRC has started an internal study based on International replicable examples to formulate strategy for raising Rs. 1600 crore from property development including Transit Oriented Development (TOD) to part finance Phase-III.
Mr. Roy informed that the study to provide conceptual design for TOD for the stretch between Chattarpur to Arjangarh has commenced.

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